Should you buy food with crypto? There is no black-and-white answer to whether or not users should choose crypto payments to buy food. However, there are both benefits and drawbacks to using cryptocurrency for food purchases.
On the plus side, cryptocurrency transactions are generally quick and straightforward. Following this, given that cryptocurrency transactions are recorded on the blockchain, it makes the process of tracing the history of transactions efficient. Furthermore, crypto payments directly connect the customer to the merchant, eliminating the need for intermediaries such as banks.
On the flip side, crypto payments pose a threat of monetary loss via hacks. Additionally, the digital asset class is also highly volatile, which may cause difficulty in pursuing daily transactions. So users must do their research before using cryptocurrency as a medium of exchange for daily expenses.
I think bitcoin’s original use case vision was for it to be used to buy things like food. greed started to get in people’s minds once financial gains were realized and that use got lost in the mix a bit.
